The Aerospace Engineering Market Research Report Forecast 2018-2026 is an important source of insightful data for market strategists. It presents the Aerospace Engineering industry overview with growth analysis and past & futuristic cost, income, demand and supply data (as relevant). The research analysts present a detailed representation of the value chain and its distributor analysis. This Aerospace Engineering market study gives complete data which improves the understanding.
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Market Insight:
As of 2016, the overall aerospace engineering market is led by the aerospace structures segment. The segment contributed to over 60% of the total market revenue in 2016. The aerospace structures encompass numerous components such as fuselage, wings, empennage, vertical stabilizer, control surfaces and rudder, lift control devices, powerplant, flap, propeller, propulsion devices, landing gear, nose gear, cockpit, controls, systems and hydraulics, among others. The aerospace engineering services segment is expected to witness the fastest growth during the forecast period from 2017 to 2025.
North America was the largest regional aerospace engineering market followed by Europe and Asia Pacific. The revenue share of North America in the global Aerospace Engineering market stood at 37.2% in 2016. The U.S. represents the largest aerospace engineering market in North America. Aircraft engineering is considered backbone of the U.S. manufacturing industry. The U.S. government also offers significant attention on aerospace manufacturing industry as it comprises around 3% of the country’s manufacturing workforce. In addition, U.S. is the largest exporter of aerospace vehicles and equipment and exports to its international customers in Japan, Germany, France, UK and others. From several years, the U.S. is the dominant in the global large commercial jet manufacturing industry. Though, the U.S. has observed decline in production of general aviation aircrafts, the production is expected to increase in the future with increasing number of air travelers and rising demand for aircrafts from Japan, France, Brazil, Canada, Germany, China and other countries across the world. This represents a positive outlook for aerospace engineering industry. According to General Aviation Manufacturers Association, the U.S. has shipped 1,525 units of airplane in 2016, the number is increased by 60 units from 1,465 units in 2011. The unit shipment of airplanes is expected to increase in the country with increasing number of domestic as well as international travelers. The U.S. exported about US$ 131.1 Bn of aerospace products in 2015. The aircraft and spacecraft industries remain the fastest growing industry in the US, and constitute the third highest export sector at 8.7% of the overall exports of the United States.
UTC Aerospace Systems is among the market leaders in the global aerospace engineering market. UTC Aerospace Systems focuses on the development of new system and services for new age aircraft for both military and commercial aircraft. The company perpetually introduce a new and improved solution for the aircraft such as new non-chromate landing gear corrosion protection primer incorporating its patented EcoSk pigment recently. The company has also adopted the strategy of alliances with other companies to maintain its market value and position.
Scope
Analysis of trends in the global Aerospace Engineering industry and interest for Aerospace Engineering in various regions, including Asia-Pacific, Europe, and North America
Market size and value of Aerospace Engineering used for commercial Aerospace Engineering from 2011 to 2017 and forecast for eight years up until 2026
The qualitative study of drivers and limitations of Aerospace Engineering market
Information on major market players such as BASF, Clariant, Cytec, SNF FloMin, Beijing Hengju chemical Group Corporation and Kemira among others.
Reasons to Buy
Gain up to date report and axnalysis about the global Aerospace Engineering market
Recognize key regions and countries that describe potential growth possibilities for the Aerospace Engineering market
Facilitate decision making by understanding the opportunities presented by the Aerospace Engineering market
Gain information about major players in the Aerospace Engineering market
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Research methodology and delivery time
Credence Research has conducted in depth secondary research to arrive at key insights. Data collected from key public industry sources and publications have been scanned and analyzed impartially to present a clear picture of the industry. All recent developments which impact the sector dynamics have been captured and used to support the research hypothesis.
The report is available as the single-site single-user license. The delivery time for the electronic version of the report is 3 business days as each copy undergoes thorough quality check and is updated with the most recent information available.
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